Stamp Price Increase Delayed to January 1999
The Postal Service board announced a postponement of rate increases until January 10 1999. First Class mail will rise to 33 cents, with the extra ounce rate dropping from 23 to 22 cents, while management noted nine years of strong service and profits guiding the decision.
MENTIONED IN THIS ARTICLE
Washington
Postal Service
Sam Winters
Postal Rate Commission
Congress
Winters
Rich Porras
Edward Gleiman
Robert E. McLean
The
Mailers Council
Business and Association Mailers
Credit union access delayed as Senate stalls bill
Thousands face denial of credit union access as a key bill to allow multiple-group memberships waits in the Senate. The measure, passed 411-8 in the House, faces conservative opposition over community-lending and bank-like lending limits, with White House support depending on those provisions.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Supreme Court
Senate Banking Committee
Clinton
Daniel Mica
Credit Union National Association
FDA approves Sunett for diet cola wars
The FDA cleared the artificial sweetener acesulfame K known as Sunett for use in diet drinks, enabling Pepsi to blend Sunett with aspartame. Nutrinova says the mix boosts sweetness, reduces total sweetener use by up to 40 percent, and cuts costs, with Pepsi One debuting this fall.
MENTIONED IN THIS ARTICLE
FDA
Washington
Pepsi
Food and Drug Administration
Sunett
Nutrinova
Fed warns banks to keep lending discipline amid slowdown
The Federal Reserve urged banks to resist easing lending terms as the economy slows, warning that loose credit could threaten banks' health if profits wane. The memo accompanied a study noting easing in lending terms from 1995 to 1997, amid expectations of slower growth and stock and real estate bubbles.
MENTIONED IN THIS ARTICLE
Washington
Federa Reserve
Richard Spillenkothen
Fed
Division
Spillenko
Asia
U.S
United States
Mark Zandi
Regional Financial Associates
West Chester
Zandi
Also Mentioned on This Page
Sion
Ken Robinson
National Association of Federal Credit Unions
Mica
Robinson
Fed Union
Virginia McGuire
American Bankers Association
Joint Committee On Taxation
McGuire
Aspartame
Jon Simplicio
N. Grandview, Odessa
G.R. Albertson
D.O
D.W. Davison
D.G. Lang
M.D
American Society of Banatric Physicians
SOANS
Paul Evans
Pauge Oy
Carpets
N. Grant
Odessa
Mon
Metro
Roundtree & Yorke
Dillard’s
Dillard's
Visa
Mastercard
American Express
Discover
Diners Club
Music City Mall
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